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The Federal Reserve has proposed new capital, redemption and regulatory requirements for stablecoin issuers under its supervision, advancing the implementation of the GENIUS Act.
Regulation
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The Federal Reserve proposed two rules on Thursday defining how payment stablecoin issuers supervised by the central bank must hold reserves, manage risk and qualify to enter the market.- Published on
Australian Prime Minister Anthony Albanese told the United Nations General Assembly in New York that governments must take an active role in shaping artificial intelligence.- Published on
Samourai Wallet co-founder faces new transfer after 30-day ordeal Samourai Wallet co-founder Keonne Rodriguez faces another prison transfer after a drug-treatment program at FCI McKean was deactivated, according to his account Wednesday.- Published on
The Trump administration is reportedly considering a public-private campaign to expand dollar-backed stablecoins overseas, reinforcing the dollar’s reserve-currency status and creating demand for US debt.